New Delhi: The central government may once again knock on the doors of the Reserve Bank to meet the fiscal deficit target. To meet the target, the government may demand an interim dividend of around Rs 30,000 crore from the RBI. The government's financial resources are under pressure due to declining revenue collection and reduction in corporate taxes. An official said, if needed, the central government can demand an interim dividend of Rs 25-30 thousand crores from the Reserve Bank in the current financial year.
RBI can cut interest rates once again
He said that it would be assessed in early January. Sources said that in addition to the dividend of the Reserve Bank, there are some other instruments including increasing disinvestment and making more use of National Small Savings Fund. The government has already taken an interim dividend from the Reserve Bank to reduce the fiscal deficit. Last year, the government took an interim dividend of Rs 28 thousand crores from the Reserve Bank. Earlier, in 2017-18, 10 thousand crore rupees were taken in this way.
